Thailand – Report on the Observance of Standards and Codes (ROSC) : corporate governance country assessment

Details

Document Date: 2013/01/01
Document Type: Corporate Governance Assessment (ROSC)
Report Number: 90823
Volume No: 1
Country: Thailand ; 
Disclosure Date: 2014/09/22
Doc Name: Thailand – Report on the Observance of Standards and Codes (ROSC) : corporate governance country assessment
Keywords: Accounting, accounting standards, acquisition, administrative actions, Alternative Investment, amalgamation, anti-takeover tactics, arbitral award, Arbitration, asset management, asset managers, asset value, audit committee, audit committees, audit standards, auditor independence, balance sheet, banking assets, bankruptcy, banks, beneficiaries, board member, board members, boards of directors, broker, Business Development, business judgment rule, capacity building, capital gains, capital market, capital market development, cash flow, central bank, CeO, CEOs, charter, chief executive, civil law, Class action, commercial banks, Commercial Code, common law, companies Act, Company, company law, company limited, conflict of interest, conflict of interest policy, conflicts of interest, controlling shareholder, controlling shareholders, corporate bonds, corporate forms, corporate fraud, CORPORATE GOVERNANCE, Corporate governance reform, corporate governance reforms, corporate ownership, corporate social Responsibility, credibility, credit rating, credit rating agencies, creditor, Creditor rights, creditors, derivative, derivative actions, Dispute Resolution, dispute resolutions, due care, duty of care, duty of loyalty, economic development, emerging market, emerging market countries, emerging market economies, emerging market economy, emerging markets, equity markets, exchange Act, Exchange Commission, Exchange rate, expenditures, financial crises, financial crisis, financial disclosure, financial institution, financial institutions, financial instruments, financial markets, financial risks, financial statements, Fiscal Policy, foreign investment, foreign investors, full disclosure, fund managers, Global Capital, Global Capital Markets, Good corporate governance, government bonds, government policies, government policy, gross domestic Product, group of shareholders, holding, holding company, holdings, human resources, incorporated, indebtedness, Independence requirements, independent director, independent directors, independent oversight, individuals, Insider trading, Institutional investors, insurance, insurance Companies, intellectual property, interested parties, interests of minority shareholders, internal audit, International standard, International standards, international trade, investment banks, Investment Companies, investment instrument, investor confidence, investor protection, investor relations, issuance, legal duties, legal entity, legal framework, legal personality, legal protection, legal system, lenders, liability, limited, Ltd., major shareholders, majority shareholder, managers, market cap, market capitalization, market intermediaries, market oversight, market participants, market prices, Market Surveillance, market turnover, member brokers, minority shareholder, minority shareholders, Monetary Fund, mutual funds, Pension, Pension Fund, pension funds, pensions, persons, price movements, private companies, professional body, property rights, proxy, public comment, public companies, Public company, Public limited companies, public policy, regulatory framework, retail investors, returns, risk factors, risk management, risk management systems, Securities, securities law, securities market, securities markets, settlement, Shareholder, Shareholder agreement, shareholder agreements, shareholder approval, shareholder meeting, shareholder meetings, Shareholder Rights, shareholders meeting, shareholders meetings, stakeholders, State Enterprise, Stock Exchange, stock exchanges, stock market, stock options, subsidiaries, subsidiary, Supervisory board, takeover, takeover mechanisms, takeovers, tangible asset, tax, tender offer, tender offers, transaction, transaction costs, transparency, underlying assets, valuation, Withdrawal
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Language: English
Region: East Asia and Pacific ; 
Rep Title: Thailand – Report on the Observance of Standards and Codes (ROSC) : corporate governance country assessment
Topics: Law and Development ; Private Sector Development ; Finance and Financial Sector Development
SubTopics: Emerging Markets ; Debt Markets ; Microfinance ; Corporate Law ; Mutual Funds
Unit Owning: Finance & Markets – GP – IBRD (GFMDR)
Collection Title: Report on the Observance of Standards and Codes (ROSC)
 

Abstract

This report assesses Thailand’s corporate governance policy framework. It highlights recent improvements in corporate governance (CG) regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Thailand. It is an update of the 2005 Corporate Governance Report on the Observance of Standards and Codes (CG ROSC). Good corporate governance enhances investor trust, protects minority shareholders, and encourages better decision making and improved relations with workers, creditors, and other stakeholders. Better investor protection can lower the cost of capital and encourage companies to list and raise funds through equity markets. It is crucial to protect retirement savings invested in listed companies. Good corporate governance also helps to ensure that these companies operate more transparently and efficiently.